Cheap 2003 BMW M3 Insurance Quotes

Are you regretting buying overpriced car insurance? It’s a common feeling and there are lots of residents who feel the same. You have multiple insurance companies to buy insurance from, and although it’s nice to have multiple companies, lots of choices makes it harder to find the best rates.

Finding the best rates is not that difficult. If you currently have car insurance, you will be able to lower your premiums substantially using these tips. Drivers just need to know how to get comparison rates on the web.

Finding insurance coverage

There are several ways you can shop for insurance coverage but some are more efficient than others. You can waste a lot of time driving to agents in your area, or you can stay home and use the internet for quick rates.

Many insurance companies belong to a marketplace that allows shoppers to submit their information once, and each participating company provides a quote for coverage. This saves time by eliminating repetitive form submissions for each company.

To access this free quoting program, click to open in new window.

The only downside to getting quotes like this is that you can’t choose the companies you want pricing from. So if you want to choose individual companies to request quotes from, we have a page of insurance coverage companies in your area. Click to view list.

Which method you use is up to you, but make sure you use the same quote data for every company. If the quotes have mixed coverages then you won’t be able to make a fair rate comparison.

These discounts can lower your insurance quotes

Companies offering auto insurance don’t always list every possible discount in a way that’s easy to find, so the following is a list of some of the more common and the harder-to-find credits available to you.

• Auto/Home Discount – If you can combine your home and auto policy and insure them with the same company you will save approximately 10% to 15%.
• Professional Organizations – Having an affiliation with a civic or occupational organization could qualify you for a break on your next insurance statement.
• Driving Data Discount – People who choose to allow their insurance company to look at vehicle usage by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as the data is positive.
• Safety Course Discount – Taking time to complete a defensive driver course could earn you a small percentage discount if your company offers it.
• Military Deployment Discount – Being deployed with a military unit can result in better premium rates.

Remember that most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

A few popular companies and some of their more popular discounts can be read below.

• Progressive offers discounts for multi-vehicle, online quote discount, good student, online signing, homeowner, continuous coverage, and multi-policy.
• The Hartford may include discounts for vehicle fuel type, good student, driver training, defensive driver, anti-theft, air bag, and bundle.
• Mercury Insurance has discounts for multi-policy, annual mileage, low natural disaster claims, good student, and professional/association.
• Geico offers discounts including seat belt use, defensive driver, military active duty, good student, five-year accident-free, federal employee, and driver training.
• AAA may offer discounts for good driver, anti-theft, AAA membership discount, multi-policy, good student, multi-car, and education and occupation.
• State Farm includes discounts for Steer Clear safe driver discount, driver’s education, defensive driving training, accident-free, multiple autos, good driver, and Drive Safe & Save.

It’s a good idea to ask all the companies which credits you are entitled to. Discounts might not be offered in your area.

Different people need different auto insurance coverages

When buying adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Each situation is unique so this has to be addressed. For example, these questions can aid in determining if you might need professional guidance.

• Is my dog or cat covered if injured in an accident?
• Is my nanny covered when driving my vehicle?
• Do all my vehicles need collision coverage?
• Is my 2003 BMW M3 covered for flood damage?
• What can I do if my company won’t pay a claim?
• Am I covered if I drive in a foreign country?
• How high should my uninsured/underinsured coverage be in my state?

If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Coverages available on your policy

Knowing the specifics of auto insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages available from auto insurance companies.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, hitting a bird, rock chips in glass and damage from getting keyed. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers – This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your 2003 BMW M3.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage – Collision insurance pays for damage to your M3 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, rolling your car and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Coverage for liability – This protects you from damage that occurs to people or other property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims such as legal defense fees, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Medical expense insurance – Med pay and PIP coverage reimburse you for expenses like rehabilitation expenses, dental work, X-ray expenses and nursing services. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage